A sudden event has caused a huge uproar in the crypto world. The highly watched decentralized finance project World Liberty Financial (WLF I) took an unexpected action on Thursday by blacklisting the wallet address of TRON founder Justin Sun. This decision immediately sparked strong reactions in the market.

According to data from blockchain analytics firm Arkham Intelligence, Sun Yuchen conducted multiple WLFI token transfers through the Ethereum network before being blocked by the project team. The most notable was a large transaction amounting to 9 million dollars.

Currently, the wallet of Sun Yuchen that has been frozen still holds 595 million unblocked WLFI tokens, which are worth approximately 107 million USD at the current market price. The fate of this massive asset has attracted widespread attention.

It is worth noting that the price of WLFI tokens began to decline hours before Sun Yuchen's transfer, with a daily drop of up to 24%. Since trading opened on September 1, the price of WLFI has fallen by 42%, indicating a strong market reaction to this event.

In response to this situation, Sun Yuchen quickly issued a statement on the social media platform X, attempting to clarify the facts. He stated that the involved Address was only used for exchange recharge testing, the transaction amount was very small, and emphasized that this was merely an Address test, without any actual buying or selling activities involved.

This event once again highlights the high volatility and uncertainty of the crypto assets market. It not only affects the directly related parties but also triggers in-depth reflection throughout the industry on issues such as project governance, investor protection, and market regulation. As the situation develops, industry insiders and investors are closely following the subsequent progress of the event and its potential long-term impacts.